Boston University School of Management Recognized as CFA Program Partner Institution

in Business, News Releases, School of Management
April 27th, 2006

Contact: Richard Taffe, 617-353-4626 | rtaffe@bu.edu
Contact: Laure Kesner, 781-239-1030 | lkesner@parnold.com

(Read more about the CFA Program Partner Initiative at http://www.cfainstitute.org/partners/university/Pages/index.aspx)

(Charlottesville, Va.) — CFA Institute today announced that the Master of Science in Investment Management (MSIM) program at Boston University School of Management is a CFA Program Partner and will offer a degree program that covers at least 70 percent of the CFA Program Candidate Body of Knowledge, the CFA Institute Ethical and Professional Standards, and other requirements.

“CFA Program Partner institutions recognize that the best way to educate their students for careers in the investment industry is with our Candidate Body of Knowledge,” said Bob Johnson, CFA, Ph.D., managing director of the CFA and CGIPS Programs Division. “Students in degree programs at these universities will study concepts and principles that have been identified by investment industry leaders worldwide as essential to global practice. By mastering these fundamentals of the CFA Program, students will be well on their way to earning the highly valued CFA charter.”

Boston University’s 17-month, part-time MSIM program trains students in leading-edge theory and practice in the field of investment management. Through both classes and casework, the MSIM curriculum develops student expertise in the design, management, and analysis of investment strategies. Graduates have been successful applying this training in research, portfolio management and client relations jobs.

The partnership initiative was launched 4 April 2006 with the announcement of Saïd Business School at the University of Oxford as the inaugural CFA Program Partner.

Boston University is the first graduate-level CFA Program Partner in the United States.
In addition to Boston University, four universities were also announced today as CFA Program Partners: Bocconi University (Milan, Italy), Concordia University (Montreal, Quebec, Canada), Hong Kong University for Science and Technology (Hong Kong), and Marquette University (Milwaukee, Wis., USA).

Recognition as a CFA Program Partner signals to potential students, employers, and the marketplace that the university curriculum is closely tied to professional practice and is well-suited to preparing students to sit for the three levels of CFA examinations.

The CFA Program sets a standard for developing the skills, standards, competence, and integrity of financial analysts, portfolio managers, investment advisers, and other investment professionals worldwide. It is widely considered the investment profession’s most rigorous credentialing program. Administered in English, the CFA curriculum and examinations are identical worldwide. Fewer than one in five candidates who begin the program successfully complete it and go on to earn the coveted CFA charter, the “gold standard” for investment professionals.

“It is an honor to announce that our first graduate-level CFA Program Partner in the United States is Boston University School of Management,” said George Noyes, CFA, senior portfolio manager at Standish Mellon Asset Management and a member of the CFA Institute Board of Governors. “CFA Institute is eager to work with the school to develop further opportunities for graduates as they enter the business world.”

According to former fund manager Scott Stewart, CFA, Ph.D., and faculty director of Boston University’s MSIM Program, “We are excited to become the first CFA graduate-level Partner in the U.S. When we introduced our Master’s Program in Investments in 2000, we recognized that the CFA charter reflects rigorous curriculum and high ethical standards in the eyes of all financial professionals.” Louis E. Lataif, Dean of the School of Management, added, “Our partnership with CFA Institute is evidence of MSIM’s strong track record of training students in advanced techniques in investment management. We look forward to working with CFA Institute and helping our students further their careers.”

The initiative offers students in the program access to CFA Institute textbooks, journals, Webcasts, and other educational resources. Students will also benefit from professional development events held in conjunction with the Boston Security Analysts Society, the local membership body for CFA Institute candidates and charterholders.

CFA Institute recently announced that it received a record number of enrollments − 116,190 in 163 countries − for the December 2005 and June 2006 Chartered Financial Analyst® (CFA®) exams. CFA Institute membership levels have also reached a record high, with 81,454 members in 126 countries.

About CFA Institute

CFA Institute is the global, non-profit professional association that administers the Chartered Financial Analyst® (CFA®) curriculum and examination program worldwide, publishes research, conducts professional development programs, and sets voluntary, ethics-based professional and performance reporting standards for the investment industry. CFA Institute has more than 81,000 members in 126 countries and territories, including the world’s 68,000 CFA charterholders, as well as 132 affiliated professional societies in 53 countries and territories. CFA Institute is headquartered in the USA in Charlottesville, Virginia, with regional headquarters in London, Hong Kong, and New York. More information may be found at www.cfainstitute.org. (Bloomberg users can find CFA Institute at 497458Z).

About Boston University School of Management

Boston University School of Management develops builders and leaders for the networked-era, emphasizing the fusion of the art, science, and technology of business. The School’s approach prepares the next generation of business leaders for a world that values management as a system of interdependent functions, people, and technologies. The Master of Science in Investment Management (MSIM) program incorporates both academic theory and practical training, including real-world casework, securities analysis and live fund management. Seeking the CFA charter is a key goal for a majority of students. For more information, see http://management.bu.edu/gpo/msim/.

The School of Management at Boston University is located at 595 Commonwealth Avenue, Boston, MA 02215. For more information, visit http://management.bu.edu.

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